# 726 Bay 32nd Street, Queens

Vacant land · Block 15744, Lot 17.

On Umarelli: https://umarelli.org/nyc/4157440017/726-bay-32-street

More construction in Far Rockaway: https://umarelli.org/nyc/queens/far-rockaway.md

## Building permits

- New Building — Large Residential, filed Jan 28, 2025, 89 units, 8 stories, described as “Propose new 8-story residential building as per plan. Obtain new co.”
- Alteration, filed Oct 16, 2026, estimated cost $10K, described as “Installation of 300 psf sidewalk shed as per plans. All equipment shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.”
- Alteration, filed May 19, 2026, estimated cost $5K, described as “Installation of temporary construction fence filed as per drawings.”
- Alteration, filed Mar 26, 2026, estimated cost $8K, described as “Installation of 6000 lb single personnel hoist car as per plans during construction. Hoist shall comply with chapter #33 of the 2022 code. No change in use, egress, or occupancy under this application.”
- Alteration, filed Mar 7, 2026, estimated cost $25K, described as “Installation of pipe scaffolding as per plans. All equipment shall comply with chapter # 33 of the 2022 code. No change in use occupancy or egress under this application.”
- Alteration, filed Feb 3, 2026, estimated cost $1K, described as “Installation of temporary heavy duty sidewalk shed as per plans. No change in use, egress or occupancy. Sidewalk shed shall comply with chapter #33 of 2022 the NYC building code. Live load 300PSF.”
- Alteration, filed Oct 15, 2025, estimated cost $14K, described as “Site specific engineered enclosure -steel wire screen around supported scaffolding (filed separately) ,on EXPOSURE#2.”
- Alteration, filed Jul 25, 2025, estimated cost $5K, described as “Installation of temporary construction fence filed as per drawings.”

## Property taxes

- Assessment: $119,700
- Market value (city estimate): $266,000
- Taxable value: $0
- Assessed land: $119,700

## Tax breaks

- Article XI exemption, through Jun 30, 2066, about $12,985 a year below the full tax.

## Zoning

R6A: floor area ratio 0.00 built, 3.00 allowed by base zoning.

## Recent sales

- Oct 16, 2025: $4,000,000

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, moderate risk: a 0.2% chance of flooding each year.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology